Stephen Luparello

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Stephen Luparello
Sluparello.jpg
Occupation General Counsel
Employer Citadel Securities
Location Washington, D.C.

Stephen Luparello is a former director of the division of trading and markets at the Securities and Exchange Commission. He joined Citadel Securities as general counsel in May 2017.[1]

Luparello was named to the OCC's board of directors in October 2017.[2]

Background

Luparello joined the law firm WilmerHale after a 16-year career at the Financial Industry Regulatory Authority (FINRA) and its predecessor, the National Association of Securities Dealers (NASD), where he most recently served as vice chairman of FINRA. In that role he was responsible for FINRA's examination, enforcement, market regulation, international, and disclosure programs. He also played a key role in the creation of FINRA’s Office of the Whistleblower and its Office of Fraud Detection and Market Intelligence, and led the development of its Order Audit Trail System (OATS) and SONAR, technology used to monitor securities markets and detect suspicious trading.

Luparello joined the NASD in 1996 as vice president in the Office of Disciplinary Policy and was named head of the Market Regulation Department in 1999. Before that, he was the chief of staff to then-CFTC Chairman Mary Schapiro.

He joined the SEC from WilmerHale, where he was a partner in the Washington, D.C. office, specializing in broker-dealer compliance and regulation, securities litigation, and enforcement.[3]

He spent nine years at the SEC, serving as branch chief in the Office of Inspections in the Division of Market Regulation, now the Division of Trading and Markets.

Luparello left the agency in January of 2017.

While at the SEC, Luparello played an important role in the adoption of Reg SCI as well as the commission's efforts to enhance transparency and oversight of ATSs. He was also involved in the approval of IEX, the start-up trading venue, as a registered exchange.

Education

Luparello received a B.A. from LeMoyne College in 1981 and a law degree from Washington and Lee University in 1984.

References

  1. Citadel Securities recruits second former equities regulator. The Financial Times.
  2. OCC Appoints Three New Members to Board of Directors. OCC.
  3. Stephen Luparello Named as Director of SEC’s Division of Trading and Markets. SEC.